Citizens State Bank of Ray
Ray, ND · Owner: Ray Bcorp Inc
$11.7M
total assets, September 30, 1987
$11.7M
total assets, September 30, 1987
Citizens State Bank of Ray was a state nonmember bank in Ray, ND, owned by Ray Bcorp Inc. It failed on Oct 15, 1987, and First NB&T Co Of Willist took over its deposits. At its last report it held $11.7 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1987
This bank failed
- Failed on
- Oct 15, 1987
- Assets
- $11.7M
- Deposits
- $11.3M
- Estimated cost
- $1.9M
- Deposits went to
- First NB&T Co Of Willist, Williston, ND
Total assets
$11.7M
-18.3% in a year · -16.3% in a quarter
Deposits
$11.3M
-13.4% in a year · -15.8% in a quarter
Loans
$5.0M
-20.4% in a year · -6.4% in a quarter
Profit so far
-$788K
Jan 1 to Sep 30, 1987 · -1532.7% in a year
Capital ratio
2.23%
-4.63 pts in a year
Return on assets
-7.59%
-8.09 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Mini Mall, Main Street, Ray, ND, 58849
- County
- Williams
- Holding company
- Ray Bcorp Inc
- Established
- Jan 1, 1906
- Failed
- Oct 15, 1987
- Employees
- 11
- Id
- b10252
Quarter by quarter
March 31, 1984 to September 30, 1987
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Citizens State Bank of Ray?
$11.7 million in total assets and $11.3 million in deposits as of September 30, 1987, with assets down 18.3% from a year before. Its loans were $4.98 million.
Is Citizens State Bank of Ray profitable?
No: it lost $788,000 from January 1 to September 30, 1987. Its return on assets was -7.59% a year; about 1% is typical.
Who owns Citizens State Bank of Ray?
Citizens State Bank of Ray is owned by Ray Bcorp Inc, its holding company.
When did Citizens State Bank of Ray fail?
Oct 15, 1987. First NB&T Co Of Willist of Williston, ND took over its deposits. The estimated cost of the failure was $1.88 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.